existing-home sales Archive

Watch Rates, But Inventory Remains Key

The big challenge for the housing market today remains the lack of inventory, even though interest rates are rising, NAR Chief Economist Lawrence Yun said at his monthly press conference earlier this week in which he released the latest...
July 24, 2013

Home Owners Add $760 B in New Home Equity

Existing-home sales are up 2.1 percent in October from the previous month and home prices are up more than 11 percent from this same time last year, to $178,600. Sales are being driven by strengthening fundamentals—the improving jobs picture,...
November 20, 2012

Home Prices Up 11 Percent

Home sales dropped a bit over the last month but they remain strong compared to this time last year and price gains remain robust. NAR Chief Economist Lawrence Yun released NAR’s September 2012 existing-home sales figures on Friday last...
October 22, 2012

Home Sales, Prices Both Up in August

Existing-home sales last month were up almost 8 percent from July and home prices were up 9.5 percent from a year ago, to $187,400. “More buyers are taking advantage of excellent housing affordability conditions,” NAR Chief Economist Lawrence Yun...
September 19, 2012

Signs of Recovery Despite Financing Hurdles

Signs continue to come in that the housing market is seeing slow but steady improvement, although overly tight lending standards continue to hold back the market given the amount of pent-up demand that’s out there. Existing-home sales increased 2.3...
August 23, 2012

Prices Up, Inventories Down

Existing-home sales last month were down slightly but they remain at about a 4.6 million level, as they have since January, so if that level holds for the remainder of the year we could see a strong 2012, NAR...
April 19, 2012

EHS Rebenchmarking: What’s It All About?

When NAR releases its existing-home sales (EHS) numbers next week for the month of November, the figures will reflect what’s known as a rebenchmarking. This is an adjustment that researchers do periodically to help ensure the continued accuracy of...
December 15, 2011

How NAR Calculates Existing-home Sales

By Robert Freedman, senior editor, REALTOR® Magazine In response to media coverage about the calculation of existing-home sales, NAR Chief Economist Lawrence Yun yesterday walked reporters through the association’s methodology for calculating its monthly EHS figures as part of...
February 24, 2011

NAR Research Releases Existing-home Sales FAQ

NAR Research has issued the following Q&A in response to some claims about the computation of NAR’s existing-home sales data. NAR Existing-home Sales FAQ Home sales measurements have shown to differ at times as reported by NAR and some...
February 16, 2011

Moratorium Would Knock Out 20% of Market

By Robert Freedman, senior editor, REALTOR® Magazine A government-mandated foreclosure moratorium would take about 20 percent of homes available for sale off the market, and that’s something that would hurt the home sale market today and hinder the recovery...
October 26, 2010